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|Investors Snatch CPE 31.0% Lower Than Its Secondary Stock Offering
Wednesday, March 15, 11:19 AM ET, by Market News Video Staff
Looking back to 92 days ago, Callon Petroleum Co. (CPE) priced a 40,000,000 share secondary ...
PXI's Underlying Holdings Could Mean 25% Gain Potential
Thursday, March 16, 9:18 AM ET, by Market News Video Staff
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
SXL Crosses Critical Technical Indicator
Tuesday, March 21, 11:51 AM ET, by Market News Video Staff
In trading on Tuesday, shares of Sunoco Logistics Partners LP (SXL) entered into oversold territory, ...
Pioneer Energy Services is Now Oversold (PES)
Tuesday, March 21, 12:16 PM ET, by Market News Video Staff
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
Strong Insider Buying Found in the Underlying Holdings of MLPA
Thursday, March 23, 9:32 AM ET, by Market News Video Staff
A look at the weighted underlying holdings of the MLP ETF (MLPA) shows an impressive ...
Atlas Pipeline Partners LP (APL) Shares Enter Overbought Territory
By Energy Stock Channel Staff, Thursday, October 27, 4:03 PM ET
In trading on Thursday, shares of Atlas Pipeline Partners LP (APL) entered into overbought territory, changing hands as high as $34.85 per share. We define overbought territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be overbought if the RSI reading rises above 70.
In the case of Atlas Pipeline Partners LP, the RSI reading has hit 70.1 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 61.6, the RSI of WTI Crude Oil is at 62.2, and the RSI of Henry Hub Natural Gas is presently 39.5.
A bearish investor could look at APL's 70.1 reading as a sign that the recent heavy buying is in the process of exhausting itself, and shares are due for a pullback.
Looking at a chart of one year performance (below), APL's low point in its 52 week range is $19.40 per share, with $37.90 as the 52 week high point — that compares with a last trade of $34.80. Atlas Pipeline Partners LP shares are currently trading up about 4.4% on the day.
According to the ETF Finder at ETF Channel, APL makes up 1.58% of the Dynamic Energy Sector Portfolio ETF (NASDAQ:PXI) which is trading higher by about 5.9% on the day Thursday.
See what other ETFs contain APL »
See what other stocks are held by PXI »
APL operates in the Oil & Gas Equipment & Services sector, among companies like Spectra Energy Partners LP (NYSE:SEP) which is trading flat today, and Sunoco Logistics Partners L.P. (SXL) trading relatively unchanged. Below is a three month price history chart comparing the stock performance of APL, versus SEP and SXL.
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